{"id":30775,"date":"2025-12-23T19:09:23","date_gmt":"2025-12-23T13:39:23","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=30775"},"modified":"2025-12-23T19:10:36","modified_gmt":"2025-12-23T13:40:36","slug":"thresholds-applicability-for-listed-vs-public-vs-pvt-co","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/thresholds-applicability-for-listed-vs-public-vs-pvt-co\/","title":{"rendered":"Thresholds &#038; Applicability for Listed vs Public vs Pvt Co."},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ef32b3ea74d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ef32b3ea74d\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/thresholds-applicability-for-listed-vs-public-vs-pvt-co\/#Compliance_Thresholds_under_the_Companies_Act_2013_%E2%80%93_Listed_vs_Public_vs_Private_Companies\" title=\"Compliance Thresholds under the Companies Act, 2013 \u2013 Listed vs Public vs Private Companies\">Compliance Thresholds under the Companies Act, 2013 \u2013 Listed vs Public vs Private Companies<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/thresholds-applicability-for-listed-vs-public-vs-pvt-co\/#Listed_Companies\" title=\"Listed Companies : \">Listed Companies : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/thresholds-applicability-for-listed-vs-public-vs-pvt-co\/#Enhanced_Compliance_Triggers\" title=\"Enhanced Compliance Triggers\">Enhanced Compliance Triggers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/thresholds-applicability-for-listed-vs-public-vs-pvt-co\/#Small_Company_Exemptions\" title=\"Small Company Exemptions :\">Small Company Exemptions :<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/thresholds-applicability-for-listed-vs-public-vs-pvt-co\/#Public_Companies\" title=\"Public Companies : \">Public Companies : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/thresholds-applicability-for-listed-vs-public-vs-pvt-co\/#However_CSR_Section_135\" title=\"However CSR (Section 135) \">However CSR (Section 135) <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/thresholds-applicability-for-listed-vs-public-vs-pvt-co\/#Secretarial_Audit\" title=\"Secretarial Audit\">Secretarial Audit<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/thresholds-applicability-for-listed-vs-public-vs-pvt-co\/#Key_Compliance_Threshold_for_Different_Structure\" title=\"Key Compliance Threshold for Different Structure \">Key Compliance Threshold for Different Structure <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/thresholds-applicability-for-listed-vs-public-vs-pvt-co\/#Key_Compliance_Threshold_Comparison\" title=\"Key Compliance Threshold Comparison\">Key Compliance Threshold Comparison<\/a><\/li><\/ul><\/nav><\/div>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-22729\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/09\/Procedure-Foreign-Company-in-an-Indian-Company.gif\" alt=\"Procedure Foreign Company in an Indian Company\" width=\"915\" height=\"375\" \/><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Compliance_Thresholds_under_the_Companies_Act_2013_%E2%80%93_Listed_vs_Public_vs_Private_Companies\"><\/span><span style=\"color: #000080;\"><strong>Compliance Thresholds under the Companies Act, 2013 \u2013 Listed vs Public vs Private Companies<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under the Companies Act, 2013, statutory compliance requirements vary based on the type of company\u2014listed, public, or private\u2014and are often triggered by financial thresholds such as Paid-up Share Capital (PUC), Turnover (TO), Net Worth (NW), or Outstanding Loans\/Borrowings\/Deposits. Listed companies are subject to most compliances irrespective of thresholds and Public and private companies trigger additional obligations once prescribed limits are crossed however As companies grow, governance and compliance planning must evolve proactively<\/p>\n<p>Many statutory and regulatory compliances are triggered based on thresholds such as Paid-up Capital (PUC), Turnover (TO), and Outstanding Loans\/Borrowings. However, in the case of <em>listed companies<\/em>, most key compliances are <em>mandatory irrespective of thresholds<\/em>. Further, <em>private companies<\/em> become subject to additional and enhanced compliance requirements once they cross INR 10 crore Paid-up Capital or INR 200 crore Turnover.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Listed_Companies\"><\/span><strong><span style=\"color: #000080;\">Listed Companies :<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Listed companies face the highest compliance intensity, with minimal or no threshold-based exemptions. Key Mandatory Compliances like Board Committees: Audit Committee, Nomination &amp; Remuneration Committee, Stakeholders\u2019 Relationship Committee, Independent Directors (mandatory), Secretarial Audit, CARO reporting, XBRL filing of financial statements, CSR (if Section 135 thresholds met). Moreover that Additional SEBI (LODR) Obligations<\/p>\n<ul>\n<li>Quarterly board &amp; committee meetings<\/li>\n<li>Corporate governance reports<\/li>\n<li>AGM &amp; shareholder disclosures<\/li>\n<li>Related party transaction reporting<\/li>\n<li>No PUC \/ TO exemptions apply for most provisions.<\/li>\n<\/ul>\n<p><strong>Private Companies : <\/strong>Private companies enjoy relaxations at lower scales, but compliance sharply increases once key thresholds are crossed. Basic Compliances (All Private Companies) like Annual filings (AOC-4, MGT-7A), Statutory audit, Board meetings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Enhanced_Compliance_Triggers\"><\/span><span style=\"color: #000080;\"><strong>Enhanced Compliance Triggers<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>PUC \u2265 INR 10 crore OR TO \u2265 INR 200 crore : CS certification of annual return &amp; Mandatory appointment of Company Secretary<\/li>\n<li>Internal Audit : TO \u2265 INR 200 crore OR and Outstanding loans\/borrowings \u2265 INR 100 crore<\/li>\n<li>Secretarial Audit : Outstanding loans\/borrowings \u2265 INR 100 crore<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Small_Company_Exemptions\"><\/span><span style=\"color: #000080;\"><strong>Small Company Exemptions <\/strong>:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>PUC \u2264 INR 10 crore and TO \u2264 INR 100 crore <em>(revised limits effective Dec 2025) and <\/em>Significant exemptions from board, reporting, and certification requirements<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Public_Companies\"><\/span><span style=\"color: #000080;\"><strong>Public Companies : <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Public companies sit between private and listed entities, with threshold-based compliance escalation. Key Threshold-Based Requirements : Independent Directors \/ Audit Committee \/ NRC \/ KMP<\/p>\n<ul>\n<li>PUC \u2265 INR 10 crore OR<\/li>\n<li>TO \u2265 INR 100 crore OR<\/li>\n<li>Outstanding loans\/borrowings\/deposits \u2265 INR 50 crore<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"However_CSR_Section_135\"><\/span><span style=\"color: #000080;\"><strong>However CSR (Section 135) <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Net Worth \u2265 INR 500 crore OR<\/li>\n<li>TO \u2265 INR 1,000 crore OR<\/li>\n<li>Net Profit \u2265 INR 5 crore<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Secretarial_Audit\"><\/span><span style=\"color: #000080;\"><strong>Secretarial Audit<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>PUC \u2265 INR 50 crore OR<\/li>\n<li>TO \u2265 INR 250 crore OR<\/li>\n<li>Outstanding loans\/borrowings \u2265 INR 100 crore<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Key_Compliance_Threshold_for_Different_Structure\"><\/span><span style=\"color: #000080;\"><strong>Key Compliance Threshold for Different Structure <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><strong>Compliance Area<\/strong><\/td>\n<td><strong>Section<\/strong><\/td>\n<td width=\"174\"><strong>Applicability<\/strong><\/td>\n<td width=\"492\"><strong>Threshold<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Small Company<\/strong><\/td>\n<td>2(85)<\/td>\n<td width=\"174\">Private Company<\/td>\n<td width=\"492\">Paid-up Capital \u2264 INR 4 Cr; Turnover \u2264 INR 40 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>Acceptance of Deposits<\/strong><\/td>\n<td>76<\/td>\n<td width=\"174\">Public Company<\/td>\n<td width=\"492\">Net Worth \u2265 INR 100 Cr; Turnover \u2265 INR 500 Cr; Special Resolution<\/td>\n<\/tr>\n<tr>\n<td><strong>Annual Return<\/strong><\/td>\n<td>92<\/td>\n<td width=\"174\">All Companies<\/td>\n<td width=\"492\">&#8211; Small Co. &amp; OPC: MGT-7A<br \/>\n&#8211; Others: MGT-7<br \/>\n&#8211; PCS Certification (MGT-8): PUC \u2265 INR 10 Cr or TO \u2265 INR 50 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>Formal Annual Evaluation<\/strong><\/td>\n<td>134(3)(p)<\/td>\n<td width=\"174\">Listed &amp; Public<\/td>\n<td width=\"492\">PUC \u2265 INR 25 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>CSR<\/strong><\/td>\n<td>135<\/td>\n<td width=\"174\">Every Company<\/td>\n<td width=\"492\">TO \u2265 INR 1000 Cr OR NW \u2265 INR 500 Cr OR NP \u2265 INR 5 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>XBRL Filing<\/strong><\/td>\n<td>137<\/td>\n<td width=\"174\">Listed &amp; Others<\/td>\n<td width=\"492\">PUC \u2265 INR 5 Cr OR TO \u2265 INR 100 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>Women Director<\/strong><\/td>\n<td>149<\/td>\n<td width=\"174\">Listed &amp; Public<\/td>\n<td width=\"492\">PUC \u2265 INR 100 Cr OR TO \u2265 INR 300 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>Internal Auditor<\/strong><\/td>\n<td>138<\/td>\n<td width=\"174\">Listed, Unlisted Public, Private<\/td>\n<td width=\"492\">Public: PUC \u2265 INR 50 Cr OR TO \u2265 INR 200 Cr OR Loans \u2265 INR 100 Cr<br \/>\nPrivate: TO \u2265 INR 200 Cr OR Loans \u2265 INR 100 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>Independent Director<\/strong><\/td>\n<td>149<\/td>\n<td width=\"174\">Listed &amp; Public<\/td>\n<td width=\"492\">PUC \u2265 INR 10 Cr OR TO \u2265 INR 100 Cr OR Loans\/Deposits &gt; INR 50 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>Audit Committee &amp; NRC<\/strong><\/td>\n<td>177, 178<\/td>\n<td width=\"174\">Listed &amp; Public<\/td>\n<td width=\"492\">Same as Independent Director<\/td>\n<\/tr>\n<tr>\n<td><strong>Stakeholders Relationship Committee<\/strong><\/td>\n<td>178(5)<\/td>\n<td width=\"174\">Every Company<\/td>\n<td width=\"492\">&gt;1000 security holders<\/td>\n<\/tr>\n<tr>\n<td><strong>MD\/CEO\/Manager\/WTD, CS &amp; CFO<\/strong><\/td>\n<td>203<\/td>\n<td width=\"174\">Listed &amp; Public<\/td>\n<td width=\"492\">PUC \u2265 INR 10 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>CS Appointment (Private)<\/strong><\/td>\n<td>203<\/td>\n<td width=\"174\">Private<\/td>\n<td width=\"492\">PUC \u2265 INR 10 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>Secretarial Audit<\/strong><\/td>\n<td>204<\/td>\n<td width=\"174\">Listed, Public, Private<\/td>\n<td width=\"492\">Public: PUC \u2265 INR 50 Cr OR TO \u2265 INR 250 Cr<br \/>\nAny Co.: Loans \u2265 INR 100 Cr<\/td>\n<\/tr>\n<tr>\n<td><strong>Cost Audit<\/strong><\/td>\n<td>148<\/td>\n<td width=\"174\">Listed, Public, Private<\/td>\n<td width=\"492\">TO \u2265 INR 100 Cr (for specified products)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Listed Companies: Most provisions apply irrespective of financial thresholds, so compliance is mandatory across the board.<\/li>\n<li>Private Companies: Additional compliance obligations kick in once they cross INR 10 Cr Paid-up Capital or INR 200 Cr Turnover, and sometimes based on outstanding loans\/borrowings (e.g., Internal Audit, Secretarial Audit).<\/li>\n<li>Public Companies: Thresholds vary but often combine PUC, TO, and borrowings for triggering committees, CSR, and audit requirements.<\/li>\n<li>This means growth beyond these limits significantly increases governance and reporting obligations, so companies should plan ahead for resource allocation and compliance systems.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Key_Compliance_Threshold_Comparison\"><\/span><span style=\"color: #000080;\"><strong>Key Compliance Threshold Comparison<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<td><strong>Provision<\/strong><\/td>\n<td><strong>Listed Company<\/strong><\/td>\n<td><strong>Public Company<\/strong><\/td>\n<td><strong>Private Company<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Independent Directors<\/td>\n<td>Mandatory<\/td>\n<td>PUC \u2265 INR 10 Cr or TO \u2265 INR 100 Cr or Borrowings &gt; INR 50 Cr<\/td>\n<td>Exempt<\/td>\n<\/tr>\n<tr>\n<td>CSR Committee<\/td>\n<td>If Section 135 thresholds met<\/td>\n<td>NW \u2265 INR 500 Cr or TO \u2265 INR 1,000 Cr or NP \u2265 INR 5 Cr<\/td>\n<td>Same as Public<\/td>\n<\/tr>\n<tr>\n<td>Internal Audit<\/td>\n<td>Mandatory<\/td>\n<td>PUC \u2265 INR 50 Cr or TO \u2265 INR 200 Cr or Borrowings &gt; INR 100 Cr<\/td>\n<td>TO \u2265 INR 200 Cr or Borrowings &gt; INR 100 Cr<\/td>\n<\/tr>\n<tr>\n<td>Secretarial Audit<\/td>\n<td>Mandatory<\/td>\n<td>PUC \u2265 INR 50 Cr or TO \u2265 INR 250 Cr or Borrowings &gt; INR 100 Cr<\/td>\n<td>Borrowings &gt; INR 100 Cr<\/td>\n<\/tr>\n<tr>\n<td>CS Certification of Annual Return<\/td>\n<td>Mandatory<\/td>\n<td>Mandatory<\/td>\n<td>PUC \u2265 INR 10 Cr or TO \u2265 INR 200 Cr<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p data-start=\"337\" data-end=\"548\">Effective audit planning is critical for ensuring regulatory compliance, clean audit reports, and avoidance of last-minute issues, particularly for companies approaching or crossing statutory thresholds.<\/p>\n<p data-start=\"337\" data-end=\"548\">Crossing thresholds related to Paid-up Capital, Turnover, Net Worth, or Borrowings can significantly alter governance, compliance, and audit requirements\u2014often with immediate effect.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Compliance Thresholds under the Companies Act, 2013 \u2013 Listed vs Public vs Private Companies Under the Companies Act, 2013, statutory compliance requirements vary based on the type of company\u2014listed, public, or private\u2014and are often triggered by financial thresholds such as Paid-up Share Capital (PUC), Turnover (TO), Net Worth (NW), or Outstanding Loans\/Borrowings\/Deposits. Listed companies are &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9933],"tags":[10396],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/30775"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=30775"}],"version-history":[{"count":2,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/30775\/revisions"}],"predecessor-version":[{"id":30777,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/30775\/revisions\/30777"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=30775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=30775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=30775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}